Public Health Case Count Falls Further, Economic Impact Worsens The trailing seven-day average for new COVID-19 cases and related deaths has continued to decrease according to data from Johns Hopkins Coronavirus Resource Center. Through Saturday, new cases for the previous seven days averaged 7,422 per day, while associated deaths had fallen to five. Clearly, the mass testing and lockdowns across most major cities in China have quickly brought the situation under control. Nonetheless, the price to do so, both in terms of human impact and economic pain, has been steep. Reports suggest Shanghai is beginning to loosen movement restrictions and quarantine protocols after its nearly two-month long isolation and testing campaign. I...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.